Ford Guts Carbon Tax - Here Is How Much You Save On Gas

Doug Ford

Doug Ford

The newly elected Ontario government announced on Tuesday it would end the province's cap-and-trade program, a policy created to reduce greenhouse gas emissions, fulfilling one of Premier Doug Ford's election promises.

The Progressive Conservative leader, who was officially sworn in as premier Friday, had promised that cancelling cap and trade would be his first order of business.

Ford cited a 2016 report by Auditor General Bonnie Lysyk which concluded that despite its $8-billion price tag from 2017 to 2020, Wynne's cap-and-trade scheme would not significantly lower Ontario's greenhouse gas emissions.

In an official statement by the Government of Ontario this morning, Premier Doug Ford announced that he plans to go through with the initial promises that he made during his campaign to "put money back in people's pockets".

The debate about the environmental efficiency of cap and trade has become a hotly contested issue, with the pro and anti sides firmly entrenched in their positions, but what concerns many Ontario voters now is the financial cost of Ford's move.


The government said it would immediately start an orderly wind-down of all programs funded out of cap-and-trade carbon tax revenues but agreed to honour certain contracts that have already been signed.

Ford's statement says the government will decide on a case-by-case basis whether some initiatives previously funded by the program will be paid for using tax base revenue. "I promised that the party with taxpayers' dollars was over and that this would include scrapping the cap-and-trade carbon tax slush fund. Today we are keeping that promise", he said.

CBC Toronto requested that cost from the Ontario Ministry of Environment and Climate Change last week, but the request was referred to Ford's office.

However, there's no indication of what the new government plans to do to curb skyrocketing ticket prices on resale websites.

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